With auto bailout hearings continuing today, the UAW began airing a new TV ad in the DC market, calling on Congress to immediately provide an emergency bridge loan to Ford, GM and Chrysler. The TV spot, titled, "Not Bankers" started airing in DC yesterday and will run through next week.
At an emergency meeting yesterday in Detroit, UAW delegates representing Chrysler, Ford and GM workers agreed to consider additional sacrifices to help the U.S. auto industry, including deferred payments to a health care trust, the suspension of the jobs bank program, and convening UAW bargaining committees to consider contract modifications.
Meanwhile, following the five hour Senate Banking Committee hearing yesterday, Sen. Chris Dodd (D-CT) and other Democratic leaders urged Bush to use his powers under the $700-billion financial industry bailout to make emergency loans to the automakers - Nora McAlvanah
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